SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON D.C. 20549

                                    FORM 10-Q

(Mark One)

(X)  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

     For the thirteen weeks ended March 27, 1999

( )  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE  SECURITIES
     EXCHANGE ACT OF 1934

     For the transition period from __________ to __________

                          Commission File Number 1-5084

                              TASTY BAKING COMPANY

               (Exact name of company as specified in its charter)

        Pennsylvania                                23-1145880        
--------------------------------------------------------------------------------
  (State of Incorporation)              (IRS Employer Identification Number)


           2801 Hunting Park Avenue, Philadelphia, Pennsylvania 19129
--------------------------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)


                                 (215) 221-8500
--------------------------------------------------------------------------------
                (Company's Telephone Number, including area code)

Indicate by check mark whether the company (1) has filed all reports required to
be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of 1934 during
the  preceding  12 months  (or for such  shorter  period  that the  company  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

                       Yes X                     No __

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

     Common Stock, par value $.50                   7,827,724    
          (Title of Class)                (No. of Shares Outstanding
                                                  at May 7, 1999)

                  INDEX OF EXHIBITS IS LOCATED ON PAGE 9 OF 10.

                                    1 of 10
<PAGE>
                      TASTY BAKING COMPANY AND SUBSIDIARIES

                                      INDEX
<TABLE>
<CAPTION>
                                                                                                                    Page

<S>                                                                                                                 <C>
PART I.       FINANCIAL INFORMATION

Item 1.       Financial Statements

              Consolidated Condensed Balance Sheets
              March 27, 1999 and December 26, 1998....................................................................3

              Consolidated Condensed Statements of Operations
              Thirteen weeks ended March 27, 1999 and March 28, 1998..................................................4

              Consolidated Condensed Statements of Cash Flows
              Thirteen weeks ended March 27, 1999 and March 28, 1998..................................................5

              Notes to Consolidated Condensed Financial Statements....................................................6

Item 2.       Management's Discussion and Analysis of Financial
              Condition and Results of Operations...................................................................7-9

Item 3.       Quantitative and Qualitative Disclosure
              About Market Risk9

PART II.      OTHER INFORMATION

Item 4.       Submission of Matters to a Vote of Security Holders ....................................................9

Item 6.       Exhibits and Reports on Form 8-K........................................................................9

Signature............................................................................................................10
</TABLE>

                                    2 of 10
<PAGE>

 PART I. FINANCIAL INFORMATION
 Item 1. Financial Statements

                      TASTY BAKING COMPANY AND SUBSIDIARIES
                      CONSOLIDATED CONDENSED BALANCE SHEETS
                              (unaudited)
<TABLE>
<CAPTION>
<S>                                                                                       <C>                            <C>      
------------------------------------------------------------------------------------------------------------------------------------
                                                                                     March 27, 1999                December 26, 1998
------------------------------------------------------------------------------------------------------------------------------------
 Current assets:
       Cash                                                                               $ 49,547                       $ 372,871
       Accounts and notes receivable, net of
         allowance for doubtful accounts                                                23,049,459                      21,214,576
       Inventories:
             Raw materials                                                               2,569,372                       2,407,042
             Work in progress                                                              732,598                         530,863
             Finished goods                                                                965,449                       1,330,016
                                                                                    -----------------------------------------------
                                                                                         4,267,419                       4,267,921
       Deferred income taxes, prepayments and other                                      3,504,555                       2,426,784
                                                                                    -----------------------------------------------
             Total current assets                                                       30,870,980                      28,282,152
                                                                                    -----------------------------------------------
 Property, plant and equipment:                                                        162,211,714                     159,419,070
       Less accumulated depreciation                                                   108,972,473                     110,998,936
                                                                                    -----------------------------------------------
                                                                                        53,239,241                      48,420,134
                                                                                    -----------------------------------------------
 Long-term receivables                                                                  11,066,362                      10,851,320
                                                                                    -----------------------------------------------
 Deferred income taxes                                                                  10,452,681                      10,452,681
                                                                                    -----------------------------------------------
 Spare parts inventory and miscellaneous assets                                          3,328,568                       3,436,481
                                                                                    -----------------------------------------------
 Total assets                                                                         $108,957,832                    $101,442,768
                                                                                    ===============================================
 Current liabilities:
       Current portion of long-term debt                                                 $ 265,342                       $ 273,053
       Current obligations under capital leases                                            261,835                         325,873
       Notes payable, banks                                                              1,900,000                       1,200,000
       Accounts payable                                                                  6,536,107                       4,204,211
       Accrued liabilities                                                               6,193,446                       6,733,029
                                                                                    -----------------------------------------------
          Total current liabilities                                                     15,156,730                      12,736,166
                                                                                    -----------------------------------------------
 Long-term debt, less current portion                                                   17,500,000                      13,500,000
                                                                                    -----------------------------------------------
 Long-term obligations under capital leases,
       less current portion                                                                192,575                         261,283
                                                                                    -----------------------------------------------
 Accrued pensions and other liabilities                                                 14,297,273                      12,683,231
                                                                                    -----------------------------------------------
 Postretirement benefits other than pensions                                            18,319,709                      18,160,785
                                                                                    -----------------------------------------------
 Shareholders' equity:
       Common stock                                                                      4,558,243                       4,558,243
       Capital in excess of par value of stock                                          29,678,680                      29,762,210
       Retained earnings                                                                26,148,866                      26,766,403
                                                                                    -----------------------------------------------
                                                                                        60,385,789                      61,086,856
       Less:
       Treasury stock, at cost                                                          16,306,905                      16,372,219
       Management Stock Purchase Plan
             receivables and deferrals                                                     587,339                         613,334
                                                                                    -----------------------------------------------
                                                                                        43,491,545                      44,101,303
                                                                                    -----------------------------------------------
 Total liabilities and shareholders' equity                                           $108,957,832                    $101,442,768
                                                                                    ===============================================
</TABLE>

     See accompanying notes to consolidated condensed financial statements.

                                    3 of 10
<PAGE>

                      TASTY BAKING COMPANY AND SUBSIDIARIES
                 CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
                                   (unaudited)

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
                                                                                        For the Thirteen Weeks Ended
                                                                                 March 27, 1999           March 28, 1998
--------------------------------------------------------------------------------------------------------------------------
<S>                                                                               <C>                      <C>        
 Gross Sales                                                                      $57,146,174              $57,160,752
 Less discounts and allowances                                                    (19,293,525)             (18,840,284)
                                                                          ------------------------------------------------
 Net Sales                                                                         37,852,649               38,320,468
                                                                          ------------------------------------------------
 Costs and expenses:
      Cost of sales                                                                23,632,065               23,824,979

      Depreciation                                                                  1,785,783                1,751,378

      Selling, general and
         administrative                                                            11,000,903               10,471,017

      Interest expense                                                                222,508                  141,243

      Restructure charge                                                              950,000                        -

      Other income, net                                                              (414,359)                (351,364)
                                                                          ------------------------------------------------

                                                                                   37,176,900               35,837,253
                                                                          ------------------------------------------------

 Income before provision for
      income taxes                                                                    675,749                2,483,215

 Provision for income taxes                                                           149,470                  842,113
                                                                          ------------------------------------------------

 Income before cumulative effect of a change
      in accounting principle                                                         526,279                1,641,102

 Cumulative effect of a change in accounting
      principle for start-up costs                                                   (204,709)                       -
                                                                          ------------------------------------------------

 Net income                                                                         $ 321,570              $ 1,641,102
                                                                          ================================================


 Average common shares outstanding:
           Basic                                                                    7,825,586                7,791,652
           Diluted                                                                  7,921,517                7,965,199

 Per share of common stock:

 Income before cumulative effect of a change
      in accounting principle: Basic and Diluted                                        $0.07                    $0.21
                                                                          =====================    =======================
 Cumulative effect of a change in accounting
      principle for start-up costs: Basic and Diluted                                  ($0.03)                       -
                                                                          =====================    =======================
 Net income: Basic and Diluted                                                          $0.04                    $0.21
                                                                          =====================    =======================

      Cash dividend                                                                     $0.12                    $0.12
                                                                          =====================    =======================
</TABLE>

     See accompanying notes to consolidated condensed financial statements.

                                    4 of 10
<PAGE>
                      TASTY BAKING COMPANY AND SUBSIDIARIES
                 CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                                   (unaudited)

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------
                                                                          For the Thirteen Weeks Ended
                                                                     March 27, 1999         March 28, 1998
----------------------------------------------------------------------------------------------------------
Cash flows from (used for) operating activities
<S>                                                                   <C>                   <C>        
      Net income                                                      $   321,570           $ 1,641,102
      Adjustments to reconcile net income to net
       cash provided by operating activities:
         Depreciation                                                   1,785,783             1,751,378
         Amortization                                                      19,895                43,651
         Cumulative effect of change in accounting principle              204,709                    --
         Other                                                          1,535,039               883,774
      Changes in assets and liabilities
       affecting operations                                              (954,717)           (3,481,810)
                                                                 -----------------------------------------

      Net cash from operating activities                                2,912,279               838,095
                                                                 -----------------------------------------

Cash flows from (used for) investing activities
      Purchase of property, plant and equipment                        (6,633,880)           (2,344,325)
      Proceeds from owner/operators' loan repayments                    1,138,842               875,832
      Loans to owner/operators                                         (1,354,956)             (970,408)
      Other                                                                12,171                  (179)
                                                                 -----------------------------------------

      Net cash used for investing activities                           (6,837,823)           (2,439,080)
                                                                 -----------------------------------------

Cash flows from (used for) financing activities
      Additional long-term debt                                         5,000,000             3,000,000
      Dividends paid                                                     (939,107)             (934,891)
      Payment of long-term debt                                        (1,140,457)           (1,149,264)
      Net increase in short-term debt                                     700,000                50,000
      Other                                                               (18,216)               32,775
                                                                 -----------------------------------------

      Net cash from financing activities                                3,602,220               998,620
                                                                 -----------------------------------------

      Net decrease in cash                                               (323,324)             (602,365)

      Cash, beginning of year                                             372,871               748,117
                                                                 -----------------------------------------

      Cash, end of period                                             $    49,547           $   145,752
                                                                 =========================================


      Supplemental Cash Flow Information:
      Cash paid during the period for:
         Interest                                                     $   223,376           $   152,893
                                                                 =========================================
         Income taxes                                                 $     9,884           $   235,648
                                                                 =========================================
</TABLE>

          See accompanying notes to consolidated condensed financial statements.



                                    5 of 10
<PAGE>
                      TASTY BAKING COMPANY AND SUBSIDIARIES
              NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

1.     Interim Financial Information
       In the opinion of management,  the  accompanying  unaudited  consolidated
       condensed  financial  statements  contain all adjustments  (consisting of
       only normal recurring accruals) necessary to present fairly the financial
       position of the company as of March 27, 1999 and December  26, 1998,  the
       results of its operations for the thirteen weeks ended March 27, 1999 and
       March 28, 1998 and cash flows for the thirteen weeks ended March 27, 1999
       and March 28, 1998.  These  unaudited  consolidated  condensed  financial
       statements should be read in conjunction with the consolidated  financial
       statements  and footnotes  thereto in the company's 1998 Annual Report to
       Shareholders.  In addition,  the results of  operations  for the thirteen
       weeks ended March 27, 1999 are not necessarily  indicative of the results
       to be expected for the full year.

       Certain  expense items are charged to  operations  in the year  incurred.
       However,  for interim  reporting  purposes  the  expenses  are charged to
       operations on a pro-rata basis over the company's accounting periods. For
       the  thirteen  weeks  ended  March  27,  1999 and  March  28,  1998,  the
       difference  between the actual expenses incurred and the expenses charged
       to operations was not material.

2.     Net Income Per Common Share
       Net income per common share is calculated  according to the  requirements
       of Statement of Financial  Accounting  Standards  No. 128 - "Earnings Per
       Share" which requires companies to present basic and diluted earnings per
       share.  Net  income  per  common  share - Basic is based on the  weighted
       average number of common shares  outstanding  during the year. Net income
       per common  share - Diluted is based on the  weighted  average  number of
       common shares and dilutive potential common shares outstanding during the
       year. The company's  dilutive  potential common shares outstanding during
       the year result entirely from dilutive stock options.

3.       Restructure Charge
       During the first  quarter  the  company  discontinued  forty-three  route
       territories   in  those  areas  not  achieving   appropriate   levels  of
       profitability,   assigning   most  of  those   territories   to  regional
       distributorships.  As a result, the company incurred a charge of $950,000
       resulting  in a  reduction  in net income of  $570,570 or $.07 per share,
       primarily  relating  to  costs  associated  with the  repurchase  of some
       owner/operator  territories  as  well as  severance  payments  and  other
       related costs.  The company expects that this liability will be satisfied
       by the second quarter of 1999.


                                    6 of 10
<PAGE>
                      TASTY BAKING COMPANY AND SUBSIDIARIES

Item 2.       Management's Discussion and Analysis of Financial Condition
              and Results of Operations

Results of Operations

Net  income  for the  first  quarter  of 1999 was  $321,570  or $.04 per  share.
Included  in net income for 1999 were two  non-recurring  charges.  The  company
discontinued   forty-three  route  territories  in  those  areas  not  achieving
appropriate  levels of  profitability,  assigning  most of those  territories to
regional  distributorships.  This resulted in an after-tax charge of $570,570 or
$.07 per share,  primarily  relating to costs  associated with the repurchase of
some owner/operator  territories as well as severance payments and other related
costs. The second charge relates to the adoption of a new accounting regulation,
which required the write off of the remaining  start-up costs  pertaining to the
company's  acquision  of it's Oxford  facility.  This charge is  reflected  as a
cumulative  effect of a change in  accounting  principle  which  resulted  in an
after-tax  charge to net  income in the  amount of  $204,709  or $.03 per share.
After eliminating the effect of these two non-recurring  charges, the 1999 first
quarter results were $1,096,849 or $.14 per share compared to $1,641,102 or $.21
per share for the first quarter of 1998.

For the first  quarter,  gross sales were  $57,146,174,  compared to $57,160,752
last year. The flat sales for the first quarter of 1999 are directly  related to
dimininshed production  capabilities from the startup of the plant modernization
program, as well as the decision to discontinue the sale of the Dutch Mill donut
varieties on owner/operator  routes. Gross sales, less discounts and allowances,
resulted in net sales of  $37,852,649,  compared to  $38,320,468  reported  last
year,  representing  a decrease of 1.2% which was related to increased  national
sales which carry a higher discount rate.

Cost of sales, as a percentage of gross sales, was 41.4% and 41.7% for the first
quarters of 1999 and 1998, respectively. The improvement in 1999 resulted from a
decrease in  ingredient  costs due to a larger  percentage  of sales coming from
in-house production, as well as a price increase instituted in the third quarter
of 1998.

Selling,  general  and  administrative  expenses  for the first  quarter of 1999
increased by $529,886 or 5.1% over the  comparable  period in 1998. The increase
came  primarily  from an  increase  in  selling  expenses  associated  with  the
expansion into new geographic regions.

Interest  expense  increased  for the first  quarter  of 1999  versus  the first
quarter of 1998 as a result of increased average borrowing levels.

The  effective tax rate was 22.1% for the quarter ended March 27, 1999 and 34.0%
for the quarter ended March 28, 1998 which compares to a federal  statutory rate
of 34%. The difference  between the effective rate and the statutory rate in the
first quarter of 1999 was due to low taxable income  compounded by the effect of
state tax benefits arising from passive income.  There was no difference between
the effective  rate and the statutory  rate in the first quarter of 1998 because
the  effect of state  taxes was  offset by tax  benefits  arising  from  passive
income.

                                    7 of 10
<PAGE>
Year 2000 disclosure

     The company has been engaged in an ongoing  process to determine the effect
that the change to the year 2000 (Y2K) will have on operations.  The company has
completed  an  assessment  of its internal  hardware  and  software  information
technology  systems and has  determined  that the systems will be Y2K compliant.
During 1998, all new, Y2K compliant, hardware was installed. New business system
software is being  installed.  To date,  approximately  60% of the new  business
system modules have been installed and are  operational.  The remaining  modules
are currently being  installed,  the  implementation  of which will be completed
during the third quarter of 1999. The software  supplier has warranted that this
system is Y2K  compliant  and the company  believes  that the  supplier has done
sufficient testing of its product to make such a claim. The decisions to replace
these systems were  primarily  based on the ongoing and expected  future company
and industry  requirements and the inability of the current applications to meet
these  expectations.  The company has not accelerated the plans to replace these
systems because of the Y2K issue.

The company  utilizes  an  automated  hand-held  sales  order  system  which is,
however,  not currently Y2K compliant.  The existing system is in the process of
being  repaired to bring it into Y2K  compliance.  Repair is proceeding  without
difficulty and completion is targeted for the third quarter of 1999.

A committee  was formed to take an  inventory  of all  manufacturing  systems to
determine Y2K compliance.  The raw ingredient distribution machinery has already
been corrected to resolve a Y2K problem;  the cost was  immaterial.  The company
received positive responses to inquiries regarding the Y2K compliance of certain
manufacturing  equipment  from the  individual  manufacturers  of the equipment.
There were minor  repairs that had to be made to computers in the  manufacturing
system  to  prevent  Y2K  complications.  These  repairs  have been made and the
equipment  has been tested.  The company feels secure that  production  will not
experience any complications as a result of the change to the year 2000.

The company's Human Resource/Payroll  system requires a version upgrade to bring
the software into Y2K compliance.  This project is also underway with completion
targeted for the third quarter of 1999. The cost of the repair is immaterial.

Questionnaires  have been sent to approximately 800 of our vendors and customers
to  identify  any issues that may impact the company  externally.  To date,  the
company has received an estimated 60% return response to these questionnaires. A
project to compile a more detailed analysis of these responses is underway.  The
initial review of the responses did not raise any concern. There are limitations
to the  amount of  reliance  the  company  can place on the  responses  to these
questionnaires  considering the respondents have to rely on responses from their
suppliers and customers.  Should any suppliers have complications going into the
year 2000 the company has alternative suppliers. In the case of major customers,
the company does not have a single  customer whose  purchases  exceed 10% of the
net sales of the company.  The three top customers  contributed  7.8%,  3.9% and
2.8%  respectively  to net sales in 1998. If any of these customers were to have
complications,  more of the product would be sold through other retailers. Since
ordering for most customers in the principal  marketing area is  accomplished by
independent  route  operators  and not by the retailer  directly,  any losses in
revenues the company would incur would not be expected to be material.

To date,  the company has not  incurred  any  significant  costs  related to the
assessment of, and preliminary efforts in connection with, its Y2K issues. Based
on the  evaluations to date,  the company does not  anticipate  any  significant
complications   related  to  Y2K  or  any  significant   costs  to  avoid  those
complications.

                                    8 of 10
<PAGE>
Financial Condition

The company has  consistently  demonstrated  the ability to generate  sufficient
cash  flow from  operations.  Bank  borrowings,  under  various  lines of credit
arrangements, are used to supplement cash flow from operations during periods of
cyclical shortages.

For the thirteen weeks ended March 27, 1999, net cash from operating  activities
increased by $2,074,184 to $2,912,279 from $838,095 for the same period in 1998.
The increase over 1998 was  principally due to the payment of the IRS settlement
in the first quarter of 1998, which was accrued in 1997.

Net cash used for investing  activities  for the thirteen  weeks ended March 27,
1999 increased by $4,398,743 relative to the same period in 1998 principally due
to the  upgrade  of the  bakery's  production  equipment  as a part  of a  plant
modernization program.

Net cash from  financing  activities for the thirteen weeks ended March 27, 1999
increased  by  $2,603,600  relative  to the same  thirteen  weeks  in 1998.  The
increase is primarily the result of a net increase in short and  long-term  debt
relative to the prior year.

For  the  remainder  of  1999  the  company  anticipates  that  cash  flow  from
operations,  along with the continued  availability of bank lines of credit, the
revolving  credit  agreement  and  other  long-term   financing,   will  provide
sufficient cash to meet operating and financing requirements.

Item 3.       Quantitative and Qualitative Disclosure About Market Risk

         The company has certain floating rate debt notes.  Under current market
conditions, the company believes that changes in interest rates would not have a
material impact on the financial statements of the company. The company also has
notes receivable from owner operators whose rates adjust every three years, and,
therefore,  would offset the  fluctuations in the company's  notes payable.  The
company also has the right to sell these notes  receivable,  and could use these
proceeds to liquidate a corresponding amount of the debt notes payable.

                      TASTY BAKING COMPANY AND SUBSIDIARIES

PART II.      OTHER INFORMATION

Item 4.       Submission of Matters to a Vote of Security Holders

     No matters were  submitted to a vote of security  holders  during the first
quarter of the fiscal year covered by this report.

Item 6.       Exhibits and Reports on Form 8-K

     (a)      Exhibits:  Exhibit 27 - Financial Data Schedule

     (b)      Reports on Form 8-K

              The company did not file a report on Form 8-K during the  thirteen
weeks ended March 27, 1999.

                                  Exhibit Index

                      Exhibit 27 - Financial Data Schedule


                                    9 of 10
<PAGE>
                      TASTY BAKING COMPANY AND SUBSIDIARIES

                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the company
has duly  caused  this  report  to be signed  on its  behalf by the  undersigned
thereunto duly authorized.





                                               TASTY BAKING COMPANY
                                                    (Company)








     May 10, 1999                             /S/ John M. Pettine  
        (Date)                                   JOHN M. PETTINE
                                            EXECUTIVE VICE PRESIDENT AND
                                              CHIEF FINANCIAL OFFICER
                                    (PRINCIPAL FINANCIAL AND ACCOUNTING OFFICER)


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